As we near the end of the water year it’s important to finalise water usage and balance water accounts to avoid financial penalties. In some cases, usage can exceed licenced volumes leading to overuse.

South Australia overuse fees can be significantly higher than the market price of temporary water. To balance accounts, irrigators are able to buy temporary water to cover overuse and avoid penalty fees.

Waterfind’s Online Market for South Australia interstate trade to/from Victoria will close 24 June 2019.

*NB, CIT & RIT close 17 June 2019.

Waterfind’s Online Market for South Australia interstate trade to/from NSW will close 14-24 June 2019.

Waterfind’s Online Market for South Australian internal trades will close 24 June 219.

If you have exceeded your allocation, it is your responsibility to source additional water to balance your account.

SA Murray Overuse Penalties

Penalties for overuse within the SA Murray Region are charged per kilolitre of surface water overuse:

$740 per ML ($0.74 per kilolitre) for all water taken in excess of their volumetric limit in relation to a water resource works approval, up to and including a quantity equal to 10% of the volumetric limit;

$2,220 per ML ($2.20 per kilolitre) for all water taken in excess of the quantity referred to in (1) up to and including a quantity equal to 25%; and

$4,070 per ML ($4.70 per kilolitre) for all water taken in excess of the quantity of water referred to in (2).

To avoid these potential penalty pitfalls, Waterfind are able to help you balance your water account.

Now is the time to purchase the final volume of water required to balance your account and avoid overuse penalties. To ensure this is completed in time, trades must be finalised by 28 June.

As we get closer to the end of June, water prices can increase as a result of limited supply and increased demand. If you do require water to balance accounts, it is in your best interests to complete your trades at your earliest convenience.

Visit our live water market or contact your local Waterfind water broker on 1800 890 285 who can help you with your account balancing needs.